For more information about Vanguard funds or ETFs, obtain a Vanguard mutual fund or Vanguard ETF prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.
The Fund is only available to retail investors (natural persons). You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon the sale of your shares. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including times of market stress.
Call 888-885-2306 for questions about the Vanguard Cash Plus Account. We're available Monday through Friday from 8 a.m. to 8 p.m., Eastern time.
Savings accounts may have characteristics that differentiate them from bank sweep programs offered by Vanguard Cash Plus. For example, they may offer overdraft protection, ATM access (immediate access to your money), and other convenience features. Each company's products differ, so it's important to ask questions to understand account features.
There may be other material differences between products that must be considered prior to investing.
All investing is subject to risk, including the possible loss of the money you invest.
The Vanguard Cash Plus Account is a brokerage account offered by Vanguard Brokerage Services, a division of Vanguard Marketing Corporation, member FINRA and SIPC. Under the Sweep Program, Eligible Balances swept to Program Banks are not securities: they are not covered by SIPC, but are eligible for FDIC insurance, subject to applicable limits. Money market funds held in the account are not guaranteed or insured by the FDIC, but are securities eligible for SIPC coverage. See the Vanguard Bank Sweep Products Terms of Use (PDF) and Program Bank list (PDF) for more information.
FAQs
The Vanguard Cash Plus Account offers a high interest rate and federal insurance up to $1.25 million for individual accounts. It's a cash management account, a product which provides the services and features of checking and/or savings accounts, but these accounts are typically offered by brokerages, not banks.
How does a cash plus account work? ›
Cashplus lend you your account fees for a year and then takes your monthly payment as loan repayments, which are reported to the Credit Reference Agencies. If you make all your payments on time, your credit score is likely to improve.
How to withdraw cash from Vanguard cash account? ›
Step-by-step to withdrawing money out of your Vanguard Cash Account
- Log in and navigate to 'Cash' ...
- Select 'Withdraw' ...
- Choose the amount you want to withdraw. ...
- Review and confirm your withdrawal. ...
- Wait for funds to be transferred to your linked bank account.
Any cash in your account will earn interest daily and will normally be paid into your account on the first working day of the month.
Can I lose money in a Vanguard Cash Plus account? ›
All investing is subject to risk, including the possible loss of the money you invest. The Vanguard Cash Plus Account is a brokerage account offered by Vanguard Brokerage Services, a division of Vanguard Marketing Corporation, member FINRA and SIPC.
What is the current interest rate for Vanguard Cash Plus? ›
Vanguard Cash Plus Account interest rate
| Account | APY | Minimum Balance |
|---|
| Vanguard Cash Plus Account | 4.60% | $0 |
Aug 22, 2024
Vanguard's Cash Plus Account offers a 4.7% annual yield on deposited cash. And it comes with $1.25 million in FDIC coverage for individual accounts. That's a compelling FDIC-insured yield compared with traditional high-yield banks. And it's miles ahead of what major banks pay.
Can you withdraw cash from plus account? ›
Your ANZ Plus card or Joint ANZ Plus card will work at any Australian ATM and most overseas ATMs, anywhere Visa cards are accepted. You can also make withdrawals from merchants if they offer a cash out option.
How much can you withdraw from Cashplus? ›
£2 – 500 in total per day. Up to £10,000 per year.
Why can't I withdraw cash from Vanguard? ›
There are several reasons you might not be able to withdraw. If your money is invested you will have to sell funds first so you have cash available in your account to withdraw to your bank account. Withdrawals can be stopped if: you do not have sufficient cash in your account.
Withdrawals between ages 59½ & 73*
Restrictions relax at age 59½, and you can withdraw from a Roth or traditional IRA penalty-free. With a traditional IRA, you'll owe taxes on the withdrawals of all earnings and any contributions you originally deducted from your taxes.
Can I transfer money from Vanguard to my bank? ›
You'll need to send us a secure message, including the amount you want to withdraw. We'll do the rest for you. The whole process – selling the funds and proceeds clearing in your bank account usually takes 7 to 12 working days depending on the fund's settlement period.
Is Vanguard cash Plus account safe? ›
Insurance coverage
The Cash Plus bank sweep offers FDIC coverage up to $1.25 million for individual accounts and $2.5 million for joint accounts. To learn more, visit the FDIC's website. Money market funds held in the account are not guaranteed or insured by the FDIC, but are securities eligible for SIPC coverage.
Is Vanguard cash Plus a high-yield savings account? ›
More About the Vanguard Cash Plus Account
As of March 12, 2024, the yield on cash is 4.7%, which is pretty good and near the top of the range for high-yield savings options.
What is the difference between Vanguard cash deposit and Vanguard cash Plus? ›
Vanguard Cash Deposit offers an APY and can be used as a place to hold your cash for future trades or transactions. Vanguard Cash Plus Account: An FDIC-insured savings account alternative that offers a bank sweep with a competitive APY and its own unique account and routing number.
What is Vanguard Plus used for? ›
Vanguard Plus film-coated tablets contain two active substances called valsartan and hydrochlorothiazide. Both of these substances help to control high blood pressure (hypertension).
What is a cash plus fund? ›
What Is a Cash Plus Fund. Cash plus fund is a type of fund, commonly found in Australia, which is formulated for conservative investors seeking preservation of capital and reasonable investment returns. Cash plus funds are designed for investors with a shorter-term investment horizon.
What is the difference between Vanguard Federal Money Market Fund and Vanguard cash deposit? ›
What are some of the differences between the 2 options? Vanguard Cash Deposit is a bank product that offers FDIC insurance (subject to applicable limits). Vanguard Federal Money Market Fund is a mutual fund that may be eligible for SIPC protection. Both options strive to provide capital preservation.
